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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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COVENANT BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
COVENANT BANK |
| Address | 7924 PARKWAY DRIVE
LEEDS, AL 35094 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 45 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $3,888,000 |
| Average Mortgage Loan Amount Applied For | $99,666 |
| Highest Mortgage Loan Amount Applied For | $276,000 |
| Average Applicant Income | $118,333 |
| Highest Applicant Income | $537,000 |
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| Home Improvement |
6 | $97,000 |
$16,000 | $60,000 |
$44,000 | $100,000 |
| Home Purchase |
31 | $3,195,000 |
$103,000 | $276,000 |
$141,000 | $537,000 |
| Refinancing |
8 | $596,000 |
$74,000 | $112,000 |
$32,000 | $81,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
4 | $95,000 |
$23,000 | $80,000 |
$21,000 | $38,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
1 | $55,000 |
$55,000 | $55,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
40 | $3,738,000 |
$93,000 | $276,000 |
$120,000 | $537,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
44 | $3,749,000 |
$85,000 | $276,000 |
$110,000 | $537,000 |
| FHA-insured (Federal Housing Administration) |
1 | $139,000 |
$139,000 | $139,000 |
$55,000 | $55,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
9 | $679,000 |
$75,000 | $150,000 |
$39,000 | $66,000 |
| Application Withdrawn By Applicant |
6 | $842,000 |
$140,000 | $198,000 |
$46,000 | $95,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
30 | $2,367,000 |
$78,000 | $276,000 |
$142,000 | $537,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
7 | $525,000 |
$75,000 | $150,000 |
$38,000 | $61,000 |
| Debt-To-Income Ratio |
2 | $154,000 |
$77,000 | $150,000 |
$40,000 | $66,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for COVENANT BANK by:
Metropolitan Area And
County
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